Latest news with #Perfios
Zawya
14-05-2025
- Business
- Zawya
Perfios launches an AI-powered solution for mortgage operational excellence at Dubai FinTech Summit 2025
DUBAI, United Arab Emirates --(BUSINESS WIRE)-- Perfios, a leading global B2B SaaS TechFin, today announced the launch of ' Switch ', an AI-powered solution for mortgage operational excellence, at Dubai FinTech Summit 2025. This innovative platform aims to empower all stakeholders of the mortgage industry by transforming traditional mortgage processes and enabling a frictionless mortgage process. With 5+ years in the UAE, Perfios has established a strong presence in the banking sector with its flagship products adopted by top banks in the UAE. Perfios now onboards Lion Mortgage, a leading Mortgage Broker in the UAE, as the first client to adopt Perfios' Switch platform. Switch, built on Perfios' proven Credit Gateway and Nexus 360 technology, is an out-of-the-box independent platform that delivers an intelligent, automated mortgage cycle management system. The platform seamlessly connects multiple key stakeholders in the mortgage journey, starting with the broker, developer, valuer, and banks, while offering comprehensive features, including: Automated Lead Management AI-based Mortgage Proposal Generation based on client profiles Automated Forms generation Eligibility Calculations and Decision Engine Real-time Updates and Reporting Integrated Solutions for Bank Statement Analysis, KYC, and more Speaking at the unveiling ceremony at DFS, Pramod Veturi, International CEO, Perfios, said, 'Switch is a thoughtfully engineered platform that brings intelligence, speed, and transparency to the mortgage process, solving some of the most persistent pain points in the industry. Its AI-driven architecture enables smarter decision-making and operational efficiency for all banks, brokers and network partners. We're delighted to welcome Lion Mortgage as our first customer. This partnership marks a strong beginning for Switch, extends our relationships from Banks to Mortgage stakeholders, and also reflects the trust leading institutions place in our technology. We're happy to officially launch Switch at the Dubai FinTech Summit, a global stage for financial innovation!' Gaurav Gambhir, MD, Lion Mortgage, expressed enthusiasm about being the first to adopt Switch: 'At Lion Mortgage, we are committed to staying ahead of the curve by embracing technologies that enhance operational efficiency and elevate client experience. Switch, with its AI-driven workflows, real-time insights, and integration-ready design, has empowered us to deliver measurable value driven outcomes during the trial period of the last 3 months. These include a significantly enhanced client experience through superior service delivery, a notable reduction in error rate and turn around time, a productivity boost and a 25% increase in business volumes. We view this as a strategic leap forward in redefining the way mortgages are delivered in the UAE.' Perfios has been at the forefront of enabling global financial inclusion by empowering financial institutions with real-time credit decisioning, analytics, onboarding automation, due diligence, monitoring, and more. The launch of Switch in the UAE market further strengthens this commitment, representing a strategic expansion that builds on Perfios' success in serving over 1000+ financial institutions across 19 countries. The platform's scalable architecture ensures seamless adaptability across different geographies while maintaining strict compliance with local regulations, making it a truly global solution for operations excellence. About Perfios: Founded in 2008, Perfios is a global B2B SaaS company serving the Banking, Financial Services and Insurance industry in 19 countries, empowering 1000+ financial institutions. Through their pioneering software platforms and products, Perfios helps financial institutions to take big leaps by shaping their origination, onboarding, decisioning, underwriting and monitoring processes at scale and speed. Perfios delivers 8.2 billion data points to banks and financial institutions every year to facilitate faster decisioning, and significantly accelerates access to credit and financial services for their clients' customers. Headquartered in Bangalore, with offices worldwide and with 75+ products and platforms, and over 500+ APIs, in Perfios, their clients have a confident and a robust start-to-end tech platform. About Lion Mortgage: Lion Mortgage is a leading independent mortgage solutions provider based in Dubai. Established in 2013 by seasoned bankers, each bringing over 20 years of experience from top-tier financial institutions, the firm has helped over 8,000 UAE residents and international clients secure home financing with confidence. With a client-first philosophy and deep market expertise, Lion Mortgage delivers tailored mortgage advisory services that simplify the financing process, ensuring clarity, compliance, and peace of mind. The company is driven by a commitment to long-term financial wellbeing, consistently delivering exceptional client and partner experiences, operational excellence, and performance all enabled by smart, forward-thinking technology.
Associated Press
14-05-2025
- Business
- Associated Press
Perfios Launches an AI-Powered Solution for Mortgage Operational Excellence at Dubai FinTech Summit 2025
DUBAI, United Arab Emirates--(BUSINESS WIRE)--May 14, 2025-- Perfios, a leading global B2B SaaS TechFin, today announced the launch of ' Switch ', an AI-powered solution for mortgage operational excellence, at Dubai FinTech Summit 2025. This innovative platform aims to empower all stakeholders of the mortgage industry by transforming traditional mortgage processes and enabling a frictionless mortgage process. With 5+ years in the UAE, Perfios has established a strong presence in the banking sector with its flagship products adopted by top banks in the UAE. Perfios now onboards Lion Mortgage, a leading Mortgage Broker in the UAE, as the first client to adopt Perfios' Switch platform. Switch, built on Perfios' proven Credit Gateway and Nexus 360 technology, is an out-of-the-box independent platform that delivers an intelligent, automated mortgage cycle management system. The platform seamlessly connects multiple key stakeholders in the mortgage journey, starting with the broker, developer, valuer, and banks, while offering comprehensive features, including: Speaking at the unveiling ceremony at DFS ,Pramod Veturi, International CEO, Perfios, said , 'Switch is a thoughtfully engineered platform that brings intelligence, speed, and transparency to the mortgage process, solving some of the most persistent pain points in the industry. Its AI-driven architecture enables smarter decision-making and operational efficiency for all banks, brokers and network partners. We're delighted to welcome Lion Mortgage as our first customer. This partnership marks a strong beginning for Switch, extends our relationships from Banks to Mortgage stakeholders, and also reflects the trust leading institutions place in our technology. We're happy to officially launch Switch at the Dubai FinTech Summit, a global stage for financial innovation!' Gaurav Gambhir, MD, Lion Mortgage, expressed enthusiasm about being the first to adopt Switch: 'At Lion Mortgage, we are committed to staying ahead of the curve by embracing technologies that enhance operational efficiency and elevate client experience. Switch, with its AI-driven workflows, real-time insights, and integration-ready design, has empowered us to deliver measurable value driven outcomes during the trial period of the last 3 months. These include a significantly enhanced client experience through superior service delivery, a notable reduction in error rate and turn around time, a productivity boost and a 25% increase in business volumes. We view this as a strategic leap forward in redefining the way mortgages are delivered in the UAE.' Perfios has been at the forefront of enabling global financial inclusion by empowering financial institutions with real-time credit decisioning, analytics, onboarding automation, due diligence, monitoring, and more. The launch of Switch in the UAE market further strengthens this commitment, representing a strategic expansion that builds on Perfios' success in serving over 1000+ financial institutions across 19 countries. The platform's scalable architecture ensures seamless adaptability across different geographies while maintaining strict compliance with local regulations, making it a truly global solution for operations excellence. About Perfios: Founded in 2008, Perfios is a global B2B SaaS company serving the Banking, Financial Services and Insurance industry in 19 countries, empowering 1000+ financial institutions. Through their pioneering software platforms and products, Perfios helps financial institutions to take big leaps by shaping their origination, onboarding, decisioning, underwriting and monitoring processes at scale and speed. Perfios delivers 8.2 billion data points to banks and financial institutions every year to facilitate faster decisioning, and significantly accelerates access to credit and financial services for their clients' customers. Headquartered in Bangalore, with offices worldwide and with 75+ products and platforms, and over 500+ APIs, in Perfios, their clients have a confident and a robust start-to-end tech platform. To know more, visit and follow them on LinkedIn, Instagram. About Lion Mortgage: Lion Mortgage is a leading independent mortgage solutions provider based in Dubai. Established in 2013 by seasoned bankers, each bringing over 20 years of experience from top-tier financial institutions, the firm has helped over 8,000 UAE residents and international clients secure home financing with confidence. With a client-first philosophy and deep market expertise, Lion Mortgage delivers tailored mortgage advisory services that simplify the financing process, ensuring clarity, compliance, and peace of mind. The company is driven by a commitment to long-term financial wellbeing, consistently delivering exceptional client and partner experiences, operational excellence, and performance all enabled by smart, forward-thinking technology. View source version on CONTACT: Media & Communications: Garima Kaul +91 93158 35850 [email protected] KEYWORD: INDIA UNITED ARAB EMIRATES MIDDLE EAST ASIA PACIFIC INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION OTHER PROFESSIONAL SERVICES DATA MANAGEMENT INSURANCE TECHNOLOGY FINANCE FINTECH BANKING ACCOUNTING PROFESSIONAL SERVICES ARTIFICIAL INTELLIGENCE OTHER TECHNOLOGY SOFTWARE NETWORKS INTERNET SOURCE: Perfios Copyright Business Wire 2025. PUB: 05/14/2025 10:26 AM/DISC: 05/14/2025 10:25 AM
Business Wire
14-05-2025
- Business
- Business Wire
Perfios Launches an AI-Powered Solution for Mortgage Operational Excellence at Dubai FinTech Summit 2025
DUBAI, United Arab Emirates--(BUSINESS WIRE)-- Perfios, a leading global B2B SaaS TechFin, today announced the launch of ' Switch ', an AI-powered solution for mortgage operational excellence, at Dubai FinTech Summit 2025. This innovative platform aims to empower all stakeholders of the mortgage industry by transforming traditional mortgage processes and enabling a frictionless mortgage process. With 5+ years in the UAE, Perfios has established a strong presence in the banking sector with its flagship products adopted by top banks in the UAE. Perfios now onboards Lion Mortgage, a leading Mortgage Broker in the UAE, as the first client to adopt Perfios' Switch platform. Switch, built on Perfios' proven Credit Gateway and Nexus 360 technology, is an out-of-the-box independent platform that delivers an intelligent, automated mortgage cycle management system. The platform seamlessly connects multiple key stakeholders in the mortgage journey, starting with the broker, developer, valuer, and banks, while offering comprehensive features, including: Automated Lead Management AI-based Mortgage Proposal Generation based on client profiles Automated Forms generation Eligibility Calculations and Decision Engine Real-time Updates and Reporting Integrated Solutions for Bank Statement Analysis, KYC, and more Speaking at the unveiling ceremony at DFS, Pramod Veturi, International CEO, Perfios, said, 'Switch is a thoughtfully engineered platform that brings intelligence, speed, and transparency to the mortgage process, solving some of the most persistent pain points in the industry. Its AI-driven architecture enables smarter decision-making and operational efficiency for all banks, brokers and network partners. We're delighted to welcome Lion Mortgage as our first customer. This partnership marks a strong beginning for Switch, extends our relationships from Banks to Mortgage stakeholders, and also reflects the trust leading institutions place in our technology. We're happy to officially launch Switch at the Dubai FinTech Summit, a global stage for financial innovation!' Gaurav Gambhir, MD, Lion Mortgage, expressed enthusiasm about being the first to adopt Switch: 'At Lion Mortgage, we are committed to staying ahead of the curve by embracing technologies that enhance operational efficiency and elevate client experience. Switch, with its AI-driven workflows, real-time insights, and integration-ready design, has empowered us to deliver measurable value driven outcomes during the trial period of the last 3 months. These include a significantly enhanced client experience through superior service delivery, a notable reduction in error rate and turn around time, a productivity boost and a 25% increase in business volumes. We view this as a strategic leap forward in redefining the way mortgages are delivered in the UAE.' Perfios has been at the forefront of enabling global financial inclusion by empowering financial institutions with real-time credit decisioning, analytics, onboarding automation, due diligence, monitoring, and more. The launch of Switch in the UAE market further strengthens this commitment, representing a strategic expansion that builds on Perfios' success in serving over 1000+ financial institutions across 19 countries. The platform's scalable architecture ensures seamless adaptability across different geographies while maintaining strict compliance with local regulations, making it a truly global solution for operations excellence. About Perfios: Founded in 2008, Perfios is a global B2B SaaS company serving the Banking, Financial Services and Insurance industry in 19 countries, empowering 1000+ financial institutions. Through their pioneering software platforms and products, Perfios helps financial institutions to take big leaps by shaping their origination, onboarding, decisioning, underwriting and monitoring processes at scale and speed. Perfios delivers 8.2 billion data points to banks and financial institutions every year to facilitate faster decisioning, and significantly accelerates access to credit and financial services for their clients' customers. Headquartered in Bangalore, with offices worldwide and with 75+ products and platforms, and over 500+ APIs, in Perfios, their clients have a confident and a robust start-to-end tech platform. To know more, visit and follow them on LinkedIn, Instagram. About Lion Mortgage: Lion Mortgage is a leading independent mortgage solutions provider based in Dubai. Established in 2013 by seasoned bankers, each bringing over 20 years of experience from top-tier financial institutions, the firm has helped over 8,000 UAE residents and international clients secure home financing with confidence. With a client-first philosophy and deep market expertise, Lion Mortgage delivers tailored mortgage advisory services that simplify the financing process, ensuring clarity, compliance, and peace of mind. The company is driven by a commitment to long-term financial wellbeing, consistently delivering exceptional client and partner experiences, operational excellence, and performance all enabled by smart, forward-thinking technology.
Yahoo
28-04-2025
- Business
- Yahoo
Perfios acquires IHX to strengthen health insurance claims processing in India
Perfios, a B2B software-as-a-service TechFin company based in India, has acquired IHX, a healthcare information exchange platform, for an undisclosed sum. The acquisition combines Perfios' health data capabilities with IHX's network to improve the health insurance claims process. IHX connects healthcare providers and payers, supporting digital integration across the industry. The platform processes more than 40% of India's cashless health insurance claims, equating to more than ten million transactions and $1bn (Rs85.11bn) in claims each year, Perfios added. IHX has partnerships across 30,000 hospitals in over 1,200 locations and with more than 30 payers. IHX MD Mahesh Nagaraj stated: 'Joining forces with Perfios marks an exciting new chapter for IHX. The combination of Perfios' cutting-edge technology stack, advanced decision analytics and global scale with IHX's deep domain expertise, unique data exchange platform and trusted network across hospitals and payers sets the stage for our accelerated growth and expanded impact. 'This partnership enhances the value we bring to our clients, unlocks new opportunities for our team, and deepens our commitment to innovation, transparency and excellence in health claims management.' This acquisition follows Perfios' recent purchases of Clari5 and CreditNirvana, which have strengthened its capabilities in financial crime management and debt management, respectively. Perfios CEO Sabyasachi Goswami said: 'The acquisition of IHX is a strategic leap in our mission to transform the healthcare claims landscape. IHX has long served as the backbone of India's health claims ecosystem, and we are excited to welcome the IHX team into the Perfios family. 'By combining IHX's stronghold in the healthcare ecosystem with Perfios' deep expertise in data intelligence and analytics, we are poised to drive greater efficiency, reduce claims turnaround time, and elevate the experience for both patients and healthcare providers.' Set up in 2008, Perfios serves the banking, financial services and insurance industry across 18 countries. The company offers a suite of more than 75 products and platforms, complemented by more than 500 application programming interfaces, to provide a technology platform for financial service providers. "Perfios acquires IHX to strengthen health insurance claims processing in India " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time of India
28-04-2025
- Business
- Time of India
Perfios acquires healthcare information exchange platform IHX
Perfios , a provider of software services to banks and financial services companies, has acquired IHX, a healthcare information exchange platform, marking its third acquisition in two months. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" The financial terms of the transaction were not disclosed. In February, Perfios acquired Clari5, a banking financial crime management platform, and followed this with the purchase of debt management and collections platform CreditNirvana in March. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Founded in 2009, IHX connects healthcare providers and payors to facilitate real-time, digital-first claims processing across the healthcare ecosystem. It processes over 40% of all cashless health insurance claims in India, handling more than 10 million transactions annually, representing $1 billion in claims. The platform claims that it is integrated with 30,000 hospitals across over 1,200 locations and collaborates with more than 30 payors. 'With this acquisition, Perfios and IHX coming together will tackle three critical challenges and problem statements like the lack of real time transparency, inefficiencies in claim processing and the rise of cost burden in healthcare,' Sabyasachi Goswami, CEO of Perfios, told ET. 'We plan to do that by building digital trust, data intelligence and end-to-end visibility into every client.' Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Following the deal, IHX will continue to operate as a wholly owned subsidiary of Perfios, with its team of approximately 100–150 employees working independently. Data from Tracxn shows that IHX has raised $2.58 million in funding since its inception. For 2023-24, it reported a net loss of Rs 38 crore on revenue of Rs 14.8 crore. Founded in 2008, Perfios offers software solutions that assist lenders in underwriting customers and businesses by digitally analysing bank statements, payslips, and passbooks. Last valued at $2.5 billion, the company has raised $450 million from investors such as Warburg Pincus, Kedaara Capital, and Bessemer Venture Partners. During its $80 million fundraise in March 2024 , Goswami said the company would focus on international expansion and strategic acquisitions. Currently, Perfios supports over 1,000 financial institutions across 18 countries and processes more than 8.2 billion data points annually to aid in credit decision-making and financial services.
